TMC the metals Sees Unusually Large Options Volume (NASDAQ:TMC)

TMC the metals company Inc. (NASDAQ:TMC) saw unusually large options trading on Monday. Stock traders purchased 12,639 put options on the stock. This represents an increase of approximately 1,077% compared to the average daily volume of 1,074 put options.

TMC the metals Stock Performance

NASDAQ TMC traded up $0.14 during trading on Monday, reaching $0.88. 1,721,106 shares of the company traded hands, compared to its average volume of 1,332,733. TMC the metals has a 1-year low of $0.72 and a 1-year high of $2.07. The stock’s 50 day moving average price is $0.92 and its two-hundred day moving average price is $1.08. The company has a market cap of $286.03 million, a price-to-earnings ratio of -2.85 and a beta of 1.62.

Insider Transactions at TMC the metals

In other TMC the metals news, Director Andrew Hall sold 66,000 shares of the firm’s stock in a transaction on Tuesday, November 19th. The shares were sold at an average price of $0.93, for a total value of $61,380.00. Following the sale, the director now directly owns 182,966 shares in the company, valued at $170,158.38. This trade represents a 26.51 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CFO Craig Shesky sold 47,523 shares of the stock in a transaction dated Wednesday, November 27th. The shares were sold at an average price of $0.85, for a total transaction of $40,394.55. Following the completion of the sale, the chief financial officer now owns 977,844 shares of the company’s stock, valued at approximately $831,167.40. The trade was a 4.63 % decrease in their position. The disclosure for this sale can be found here. 30.00% of the stock is currently owned by corporate insiders.

Institutional Trading of TMC the metals

Several large investors have recently added to or reduced their stakes in the company. Virtu Financial LLC acquired a new position in TMC the metals during the 3rd quarter worth about $44,000. Tidal Investments LLC grew its stake in shares of TMC the metals by 32.6% during the third quarter. Tidal Investments LLC now owns 485,332 shares of the company’s stock valued at $514,000 after purchasing an additional 119,335 shares during the last quarter. Finally, Old West Investment Management LLC raised its position in TMC the metals by 100.0% in the 3rd quarter. Old West Investment Management LLC now owns 1,593,230 shares of the company’s stock worth $1,689,000 after purchasing an additional 796,615 shares during the last quarter. 4.39% of the stock is owned by institutional investors.

TMC the metals Company Profile

TMC the metals company Inc, a deep-sea minerals exploration company, focuses on the collection, processing, and refining of polymetallic nodules found on the seafloor in California. It primarily explores for nickel, cobalt, copper, and manganese products. The company holds exploration and commercial rights in three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean.